BlackRock MuniYield Fund, Inc. (MYD) to Issue Monthly Dividend of $0.05 on February 2nd

BlackRock MuniYield Fund, Inc. (NYSE:MYD) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Tuesday, January 20th will be given a dividend of 0.0545 per share by the financial services provider on Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Tuesday, January 20th.

BlackRock MuniYield Fund Stock Performance

Shares of NYSE:MYD traded up $0.03 on Friday, reaching $10.66. 89,966 shares of the company were exchanged, compared to its average volume of 181,972. The company has a 50-day moving average of $10.46 and a 200-day moving average of $10.34. BlackRock MuniYield Fund has a 1-year low of $9.65 and a 1-year high of $10.92.

BlackRock MuniYield Fund Company Profile

BlackRock MuniYield Fund (NYSE: MYD) is a closed-end management investment company that seeks to provide shareholders with current income exempt from regular federal income tax. The fund primarily invests in U.S. municipal fixed-income securities, including investment-grade and certain lower-rated bonds that the portfolio managers believe offer attractive yield opportunities. Through its diversified municipal bond portfolio, MYD aims to deliver tax-advantaged income while managing credit and interest rate risk.

MYD’s investment strategy focuses on geographic and sector diversification across states and local governmental entities, covering a range of project types such as education, transportation, healthcare and general obligation bonds.